iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Short Interest Update

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,846 shares, an increase of 87.5% from the April 30th total of 4,718 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,538 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of iShares BB Rated Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of iShares BB Rated Corporate Bond ETF by 77.0% during the first quarter. Bank of America Corp DE now owns 34,887 shares of the company’s stock worth $1,622,000 after buying an additional 15,174 shares during the last quarter. IFS Group LLC bought a new stake in shares of iShares BB Rated Corporate Bond ETF during the first quarter worth $207,000. Royal Bank of Canada grew its stake in shares of iShares BB Rated Corporate Bond ETF by 661.3% during the first quarter. Royal Bank of Canada now owns 1,454 shares of the company’s stock worth $68,000 after buying an additional 1,263 shares during the last quarter. Valmark Advisers Inc. grew its stake in shares of iShares BB Rated Corporate Bond ETF by 5.2% during the first quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock worth $71,204,000 after buying an additional 75,445 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of iShares BB Rated Corporate Bond ETF during the first quarter worth $558,000.

iShares BB Rated Corporate Bond ETF Stock Performance

NYSEARCA HYBB opened at $46.54 on Thursday. The firm’s fifty day moving average price is $46.66 and its two-hundred day moving average price is $46.94. The stock has a market cap of $421.19 million, a PE ratio of 59.99 and a beta of 0.38. iShares BB Rated Corporate Bond ETF has a fifty-two week low of $45.92 and a fifty-two week high of $47.51.

iShares BB Rated Corporate Bond ETF Company Profile

The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.